3
Question
Indian Government announced a new Industrial Policy for India in ___________.
Indian Government announced a new Industrial Policy for India in ___________.
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Solution
The correct option is C 1990s
In the 1990s, Indian Government announced a new Industrial Policy for India. The government realised that its interference through rules and regulations hindered the performance of the industries, as well as decreased the quality of goods. The government began withdrawing its control over the industrial sector. This led to the formation of new policies which helped new entrepreneurs establish their businesses, allowed import and export of consumer goods to foreign countries, and allowed foreign companies to set up factories in India.
In the 1990s, Indian Government announced a new Industrial Policy for India. The government realised that its interference through rules and regulations hindered the performance of the industries, as well as decreased the quality of goods. The government began withdrawing its control over the industrial sector. This led to the formation of new policies which helped new entrepreneurs establish their businesses, allowed import and export of consumer goods to foreign countries, and allowed foreign companies to set up factories in India.
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